Bill
Bill > H1564
summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to the taxation of condominiums. Revenue.
AI Summary
This bill amends Chapter 183A of the General Laws to provide that any portion of the common area and facilities for which the declarant has reserved the right to add or withdraw real estate shall be separately assessed and taxed to the declarant or its successor, and the lien for those taxes shall attach to the reserved right but not to the common areas and facilities. The bill also specifies that once the reserved right expires or is otherwise extinguished, the lien for taxes previously assessed on the right shall attach to any units in the condominium submitted to condominium status after the assessment of the right, but not to units against which property taxes were separately assessed in the same fiscal year the interest was assessed. The bill takes effect on January 1, 2018.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Accompanied a study order, see H4244 (on 02/22/2018)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H1564 |
| Bill | https://malegislature.gov/Bills/190/H1564.pdf |
Loading...